Thursday, June 26, 2008

Disney paid $500 million more for Pixar than General Motors is now worth ...

GM's shares have plummeted to less than $12, the lowest level since 1955.

That means the world's largest auto maker has a stock market value of only about $7 billion. That compares with a market cap of about $56 billion in 2000, when the stock was at its all-time high of $94.62 a share.

The thoughts and observations of the leaders of The Animation Guild (TAG), Local 839 IATSE. Jason MacLeod is the Business Representative, Laura Hohman is the President. Mike Sauer is Assistant to the Business Representative.

This weblog reflects their individual personal opinions and does not necessarily represent the official position of the Animation Guild.

This blog is updated 2-3x weekly. If the most recent posts have not appeared, hit the Refresh button.